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Approving the Consent to the Assignment of the Development Agreement with Gronen Development, Inc. to 5th & Main, LLCCity of Dubuque City Council PUBLIC HEARINGS # 1. Copyrighted July 6, 2026 ITEM TITLE: Approving the Consent to the Assignment of the Development Agreement with Gronen Development, Inc. to 5th & Main, LLC SUMMARY: Proof of Publication on the notice of public hearing to consider Approving the Consent to the Assignment of the Development Agreement by and between the City of Dubuque, Iowa and Gronen Development, Inc. to 5th & Main, LLC and City Manager recommending approval. RESOLUTION Approving the Consent to an Assignment of Development Agreement by and between the City of Dubuque and Gronen Development, Inc. to 5th & Main, LLC SUGGUESTED Receive and File; Adopt Resolution(s) DISPOSITION: ATTACHMENTS: 1. MVM Memo APPROVING THE CONSENT TO THE ASSIGNMENT OF THE DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE, IOWA AND GRONEN DEVELOPMENT, INC T 2. Staff Memo—Gronen Assignment Consenting_06-16-2026 3. Resolution Consenting Assignment_06-16-2026 4. Assignment signed by both parties Page 750 of 853 Dubuque THE CITY OF uFA�a9a av DuBE 13 Masterpiece on the Mississippi zoo�•*o rP PP 2017202019 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Resolution Approving the Consent to the Assignment of the Development Agreement by and between the City of Dubuque, Iowa and Gronen Development, Inc. to 5th & Main, LLC DATE: June 30, 2026 Senior Counsel Barry Lindahl is recommending City Council approval of an Assignment of Development Agreement to which Gronen Development, Inc. will assign its rights in the Development Agreement to 5t" & Main, LLC. A Development Agreement by and between the City of Dubuque, Iowa, and Gronen Development, Inc. was approved by the City Council on March 17, 2025. Gronen Development, Inc. has requested the reassignment. I concur with the recommendation and respectfully request Mayor and City Council approval. v Mic ael C. Van Milligen MCVM:sv Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Barry Lindahl, Senior Counsel Jill Connors, Economic Development Director Page 751 of 853 THE CITY OF DUB TEE Masterpiece on the Mississippi BARRY A. LINDAHL, ESQ. SENIOR COUNSEL MEMO To: Michael C. Van Milligen City Manager DATE: July 6, 2026 Dubuque AII•Ameriea City 2007-2012.2013 2017*2019 RE: RESOLUTION APPROVING THE CONSENT TO THE ASSIGNMENT OF THE DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE, IOWA AND GRONEN DEVELOPMENT, INC. TO 5TH & MAIN, LLC A Development Agreement by and between the City of Dubuque, Iowa, and Gronen Development, Inc. was approved by the City Council on March 17, 2025 regarding the following described premises: BLK 17 DUBUQUE DOWNTOWN PLAZA The property was subsequently replatted to include a small adjacent parcel and is now legally described as follows: Lot 1A of Block 17 Dubuque Downtown Plaza in the City of Dubuque, Iowa Gronen Development, Inc. has entered into an Assignment of Development Agreement, subject to the consent of City, pursuant to which Gronen Development, Inc. will assign its rights in the Development Agreement to 5tn & Main, LLC. I recommend the attached Resolution approving the consent to the Assignment of the Development Agreement by and between Gronen Development, Inc. and 5t" & Main, LLC be submitted to the City Council for consideration and adoption. cc: Crenna Brumwell, City Attorney Jill Connors, Economic Development Director Flint Drake, Esq. OFFICE OF THE CITY ATTORNEY DUBUQUE, IOWA SUITE 330, HARBOR VIEW PLACE, 300 MAIN STREET DUBUQUE, IA 52001-6944 TELEPHONE (563) 583-4113 / FAX (563) 583-1040 / EMAIL balesq@cityofdubuque.org Page 752 of 853 Prepared by: Barry A. Lindahl 300 Main Street Suite 330 Dubuque IA 52001 563 583-4113 Return to: Barry A. Lindahl 300 Main Street Suite 330 Dubuque IA 52001 563 583-4113 RESOLUTION 267- 26 APPROVING THE CONSENT TO AN ASSIGNMENT OF DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE AND GRONEN DEVELOPMENT, INC. TO 5TH & MAIN, LLC WHEREAS, the City of Dubuque, Iowa (City) is the owner of the following descried real property: Lot 1A of Block 17 Dubuque Downtown Plaza in the City of Dubuque, Iowa (the Property) and WHEREAS, City has entered into a Development Agreement with Gronen Development, Inc. for the development of the Property; and WHEREAS, Gronen Development, Inc. has entered into an Assignment of Development Agreement, subject to the consent of City, pursuant to which Gronen Development, Inc. will assign its rights in the Development Agreement to 5th & Main, LLC; and WHEREAS, pursuant to published notice, a public hearing was held on the proposed Assignment of Development Agreement on March 17, 2025; and WHEREAS, the City Council has determined that it would be in the best interests of City to approve the Assignment of Development Agreement. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: SECTION 1. The City of Dubuque hereby consents to the Assignment of Development Agreement by and between Gronen Development, Inc. and Dubuque 51h & Main, LLC. SECTION 2. The Mayor is hereby authorized and directed to execute the Consent to Assignment of Development Agreement on behalf of the City of Dubuque. Passed, approved and adopted this 6th day of July, 2026. Brad M. C , Mayor ATTEST: lcx, Adrienne N. Breitfelder, City Clerk Prepared by: Flint Drake, Drake Law Firm, PC 300 Main St., Suite 323, Dubuque, Iowa 52001 (563) 582-2000 Return to: Flint Drake, Drake Law Firm, PC 300 Main St., Suite 323, Dubuque, Iowa 52001 (563) 582-2000 ASSIGNMENT OF DEVELOPMENT AGREEMENT BY AND BETWEEN GRONEN DEVELOPMENT, INC. AND DUBUQUE 5T" & MAIN, LLC THIS ASSIGNMENT OF DEVELOPMENT AGREEMENT (the Assignment), dated for reference purposes the / day of JtJAI,'- , 2026, is made and entered into by and between Gronen Development, Inc. (Assignor), and Dubuque 5t" & Main, LLC (Assignee). WHEREAS, the City of Dubuque (City) and Assignor entered into a Development Agreement dated March 17, 2025 (the Development Agreement), as amended; and WHEREAS, the Development Agreement specifies various rights and obligations of the Assignor and City related to the development of real estate legally described as: Lot 1A of Block 17 Dubuque Downtown Plaza and WHEREAS, Assignor desires to assign all of its interest in and to the Development Agreement to Assignee and Assignee desires to accept such assignment and agrees to be bound by the terms and conditions set forth in this Assignment of Development Agreement; and WHEREAS, the Assignment by Assignor to Assignee hereunder is permanent and complete and Assignor retains no rights under the Development Agreement whatsoever as of the date hereof; and WHEREAS, the Development Agreement requires the consent of City to an assignment; and WHEREAS, the City Council finds that consent of the Assignment of Development Agreement is in the best interest of City. Page 755 of 853 NOW THEREFORE, the parties to this Assignment of Development Agreement, in consideration of the promises, covenant and agreements made by each other, do hereby agree as follows: SECTION 1. ASSIGNMENT. Assignor hereby assigns to Assignee, and Assignee hereby accepts from Assignor, this Assignment of the Development Agreement, which includes all rights and obligations of any sort whatsoever of Assignor thereunder such that, upon acceptance hereof by Assignee, Assignor shall have no right or interest whatsoever in and to the Development Agreement as of the date hereof and Assignee shall carry out all obligations of, and be entitled to all rights of, Assignor thereunder. SECTION 2. LAW/BINDING EFFECT. This Assignment shall be governed by and construed in accordance with the laws of the State of Iowa. This Assignment shall be binding upon the parties hereto and their respective successors in interest and assigns. In the event of a breach of this Assignment the non -breaching party shall be entitled to all rights and remedies at law or equity and shall be entitled to recover reasonable attorneys' fees incurred due to the breach. SECTION 3. AFFIRMATION. The parties hereby affirm the Development Agreement in all respects, except that hereafter the Developer thereunder shall be the Assignee; in all other respects, the Development Agreement shall remain in full force and effect according to its terms. GRONEN DEVELOPMENT, INC. Assignor By: Mary nen, Vice -President STATE OF IOWA ) ) ss: COUNTY OF DUBUQUE ) On this I day of J WIP_ , 2026, before me, a Notary Public in and for said state, personally appeared Mary Gronen, to me known to be the person(s) named in and who executed the foregoing instrument, and acknowledged that they executed the same as their voluntary act and deed. �aW TERESA KELLEY "-I— Commission Number 851457jzYL MyCommissim Expires Notary Public in and for the State of 1"N October 17, 2026 Iowa Page 756 of 853 DUBUQUE 5T" & MAIN, LLC Assignee By: Kilbourne, LLC, Its Manager By: Mike Allmendinger, Pfresident STATE OF NORTH DAKOTA COUNTY OF CASS SS: This instrument was acknowledged before me on JVW,6 5 1 e2 ( (p , by Mike Allmendinger as President of Kilbourne, LLC, Manager of Dubuque 5th & Main, I I r. E ARAVAN DE STREEKNotary Public State of North Dakotaommission Expires February 20, 2030 The City of Dubuque, Iowa does hereby consent to the foregoing Assignment of Development Agreement and releases Gronen Development, Inc. from any obligations as Developer that accrue under the terms of the Development Agreement after the date hereof. . ifi •. I• STATE OF IOWA SS: DUBUQUE COUNTY CERTIFICATE OF PUBLICATION I, Kathy Goetzinger, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher of the Telegraph Herald, a newspaper of general circulation published in the City of Dubuque, County of Dubuque and State of Iowa; hereby certify that the attached notice was published in said newspaper on the following dates: 06/21/2026 and for which the charge is 96.94 Subscribed to before me, a Notary Public'in and for Dubuque County, Iowa, this 22nd day of June, 2026 Notary Pu in and for Dubuque County, Iowa. JANET K. PAPE Commission Number 199659 My Commission Expires 12/11/2028 Ad text : CITY OF DUBUQUE, IOWA OFFICIAL NOTICE NOTICE OF A PUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA, ON THE APPROVAL OF AN ASSIGNMENT OF DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE AND GRONEN DEVELOPMENT, INC. TO 5TH & MAIN, LLC PUBLIC NOTICE is hereby given that the Dubuque City Council will conduct a public hearing on the 6th day of July, 2026, at 6:30 p.m., in the Historic Federal Building, 350 W. 6th Street, 2nd floor, Dubuque, Iowa, at which meeting the City Council proposes to take action to approve an Assignment of Development Agreement by and between the City of Dubuque, Iowa and Gronen Development, Inc. to 5th & Main, LLC, a copy of which is now on file at the Office of the City Clerk, City Hall, 50 W 13th Street, Dubuque, Iowa, providing for the sale of the following City -owned real estate: Lot 1A of Block 17 Dubuque Downtown Plaza in the City of Dubuque, Iowa At the meeting, the City Council will receive oral and written comments from any resident or property owner of said City to the above action. The official City Council agenda will be posted the Friday before the meeting and will contain public input options. The agenda can be accessed at https://dubuqueia.portal.civicclerk.com/ or by contacting the City Clerk's Office at 563-589-4100, ctyclerk@cityofdubuque.org. Written comments on the public hearing may be submitted to the City Clerk's Office by email at ctyclerk@cityofdubuque.org or by mail to City Hall, 50 W. 13th St., Dubuque, IA 52001 , before the scheduled hearing. The City Council will review all written comments at the time of the hearing. Documents related to the public hearing are on file in the City Clerk's Office and may be viewed Monday through Friday between 8:00 a.m. and 5:00 p.m. Individuals requiring special assistance should contact the City Clerk's Office as soon as feasible. Deaf or hard -of -hearing individuals can use Relay Iowa by dialing 711 or (800) 735-2942. Published by order of the City Council given on the 15th day of June 2026. Trish Gleason, Assistant City Clerk RESOLUTION NO. 247-26 INTENT TO DISPOSE OF AN INTEREST IN CITY OF DUBUQUE REAL ESTATE BY APPROVING AN ASSIGNMENT OF DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DUBUQUE AND GRONEN DEVELOPMENT, INC. TO 5th & MAIN, LLC, FIXING THE DATE FOR A PUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA ON THE ASSIGNMENT OF DEVELOPMENT AGREEMENT AND PROVIDING FOR THE PUBLICATION OF NOTICE THEREOF Whereas, the City of Dubuque, Iowa (City) is the owner of the following descried real property: Lot lA of Block 17 Dubuque Downtown Plaza in the City of Dubuque, Iowa (the Property); and Whereas, City has entered into a Development Agreement with Gronen Development, Inc. for the development of the Property; and Whereas, Gronen Development, Inc. has entered into an Assignment of Development Agreement, subject to the consent of City, pursuant to which Gronen Development, Inc. will assign its rights in the Development Agreement to 5th & Main, LLC; and Whereas, the City Council has tentatively determined that it would be in the best interests of City to approve the Assignment of Development Agreement; and Whereas, before said Assignment of Development Agreement may be approved, the Code of Iowa requires that the City Clerk publish a notice of the proposal and of the time and place of the meeting at which the City Council proposes to take action thereon and at which meeting the City Council shall receive oral and/or written objections from any resident or property owner of said City to such proposed action. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. The City of Dubuque intends to approve the Assignment of Development Agreement . Section 2. The City Clerk is hereby authorized and directed to cause this Resolution and a notice to be published as prescribed by Iowa Code Section 364.7 of a public hearing on the City's intent to approve the Assignment of Development Agreement, to be held on the 6th day of July, 2026 at 6:30 p.m. in the Historic Federal Building, 350 W. 6th Street, 2nd floor, Dubuque, Iowa, in the form attached hereto. Section 3. The City Council will meet at said time and place for the purpose of taking action on the matter of approving the Assignment of Development Agreement. Section 4. The City Clerk is hereby directed to cause at least one publication, In a newspaper, language, published at least once weekly, and having general circulation in said City, said publication to be not less than four days nor more than twenty days before the date of said meeting to approve of the Assignment of Development Agreement. Section 5. That the notice of the proposed action shall be in substantially the form attached hereto. Passed, approved and adopted this 15th day of June 2026. /sBrad M. Cavanagh, Mayor Attest:/s/Trish L. Gleason, Assistant City Clerk 1t 6/21